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Seller & Buyer - Properties on sale before 1st June 2007 |
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The current regulations allow properties that are on the market before 1 June 2007 to continue to be marketed until 31 October 2007 without the need to produce a pack. This is to ensure that the market is not disrupted by a massive demand for the production of packs in the weeks before 1 June. A number of stakeholders have queried whether the period between 1 June and 31 October is long enough given how long it takes to sell a property and the downturn in the housing market in the summer months. The HIPs Baseline Research has enabled us to model this and has confirmed that there could still be a significant number of properties marketed before 1 June that remain unsold on 31 October. To avoid this disrupting the market we propose to allow properties marketed before 1 June to continue to be marketed without a HIP until 31 March 2008
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‘….the
HiP Association Group, the Home Information Pack provider
for the Buyer, the Seller & the Estate Agent’
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National Association of Registered Home Inspectors |
